-We have debt pay down, as our tenants progress through the mortgage-We have tax benefits that enable us to trade up or simply claim deductions.What refinancing does for YOU is allows you to catch those profit centers.  

Obviously, dont put an unqualified person in there, but with record credit card debt in America, and a worsening recession on the horizon, one can expect much worse credit scores across the board vs 5 years ago.I have struggled to place tenants in my properties before, and have fixed the issue by adjusting my screening parameters. 

For example DSCR (Debt Service Coverage Ratio) loans look at tax returns to see how a property performs in terms of income and expenses to see what loan amount is justified. 2.

Please forgive me if that's not what your referring to but when i see "involuntary conversion" i immediately think 1033 

Using equity can be a powerful tool for building wealth, but it’s essential to ensure that you’re comfortable with the level of debt you’re taking on.Consult a Professional: It might be helpful to speak with a financial advisor or mortgage broker who can help you weigh your options and determine the best course of action for your specific situation.Best of luck with your move and the rental property!

Leveraging debt would be best, not cash (in my opinion).

Greetings,I am a 22-year-old college graduate with $110,000 saved up, no debt, a good credit score, and have been working full-time since July this year. 

We are $35 TRILLION in debt and we want to throw another $45 BIllion after it ?

It depends on how well you can manage debt.

To tackle this situation and get your debt-to-income (DTI) ratio in line before closing, we need to break it down:1.